3.0.0 2169 2022-11-01T19:17:10Z 2022-11-01T19:17:10Z House HR 2019-04-09 116 [Congressional Record Volume 165, Number 61 (Tuesday, April 9, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DANNY K. DAVIS of Illinois:H.R. 2169.Congress has the power to enact this legislation pursuantto the following :Article I of the Constitution and its subsequent amendmentsand further clarified and interpreted by the Supreme Court ofthe United States.[Page H3218]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-04-09T14:05:40Z Rent Relief Act of 2019 116 1106 S 2019-04-10 Read twice and referred to the Committee on Finance. Identical bill CRS 2019-04-09 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-04-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-04-09 Introduced in House IntroReferral 1000 9 Library of Congress D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 N G000585 Rep. Gomez, Jimmy [D-CA-34] Jimmy Gomez D CA 34 2019-04-09 True P000608 Rep. Peters, Scott H. [D-CA-52] Scott Peters D CA H. 52 2019-04-09 True G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2019-05-08 False J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2019-05-08 False P000617 Rep. Pressley, Ayanna [D-MA-7] Ayanna Pressley D MA 7 2019-05-20 False P000613 Rep. Panetta, Jimmy [D-CA-20] Jimmy Panetta D CA 20 2019-06-12 False L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2019-09-16 False K000381 Rep. Kilmer, Derek [D-WA-6] Derek Kilmer D WA 6 2019-09-26 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2019-10-15 False M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2020-02-06 False Taxation Housing supply and affordability Income tax credits Tax administration and collection, taxpayers Taxation 00 2019-04-09 Introduced in House 2019-05-22T18:36:36Z Rent Relief Act of 2019

This bill allows a refundable tax credit for individuals who pay rent for a principal residence that exceeds 30% of the individual's gross income for the taxable year.

The amount of the credit ranges from 25% to 100% of the excess rent, depending on the gross income of the taxpayer. The credit is not available for taxpayers with gross income that exceeds $100,000 ($125,000 for a taxpayer whose principal residence is located in a high-cost area, as defined by the bill). Rent that exceeds 100% of the small area fair market rent (including the utility allowance) for the residence may not be taken into account for the purpose of determining the amount of the credit.

For individuals who reside in government-subsidized housing, the bill allows a credit equal to 1/12 of the rent paid by the taxpayer (and not subsidized under the program) during the year with respect to the residence.

The Department of the Treasury must establish a program for making advance payments of the credit on a monthly basis.

]]> Rent Relief Act of 2019 Display Title Rent Relief Act of 2019 Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow for a credit against tax for rent paid on the personal residence of the taxpayer. Introduced in House IH Short Title(s) as Introduced Rent Relief Act of 2019 Introduced in House IH Introduced in House 2019-04-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr2169ih/xml/BILLS-116hr2169ih.xml 2019-04-09 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.